The Pontiac School District is facing a roughly a $38 million deficit.
An audit says Detroit’s accumulated general-fund deficit is nearly $327 million.
Detroit’s budget deficit exceeds $200 million and Michigan treasurer Andy Dillion says the city’s finances are eroding quicker than expected.
Detroit Mayor Dave Bing went before Detroit City Council on Monday, for the first time in months.
Nearly 200 Detroiters gathered on Belle Isle to protest a state proposal to take control of the island under.
A Wayne County Circuit Court judge has ruled the city of Detroit can move ahead with its consent agreement with the state.
A 10 percent employee wage cut and work rule changes are being imposed by Detroit Mayor Dave Bing under a plan to get the city’s finances under control.
A board created to help Detroit Mayor Dave Bing repair the city’s broken finances has approved his plan to make more than $100 million in cuts to the unionized workforce.
A judge has declined to reconsider an earlier ruling that dismissed a lawsuit challenging a financial stability agreement between Detroit Mayor Dave Bing and the state of Michigan.
A bank is extending a deadline on a bond transaction that will let the city of Detroit get most of June’s revenue sharing payment from the state.